How to Apply for Demand Draft Online from SBI Internet Banking

Recently I had to submit a demand draft(DD) in college for taking admission. The value for which demand draft had to be made was Rs. 55062.

Banks have a rule that you must have to debit money from account for making demand draft if the value of DD is above Rs. 50,000. This is done for tax purposes.

However, if the demand draft value is less than Rs. 50,000, there is no need of bank account. You can simply pay by cash in that case.

Applying for DD offline takes time. First, you have to fill form and attach a cheque if the DD amount is above Rs. 50,000.

Then you have to wait for like at least half an hour for DD in the bank if the bank is PSU like State Bank of India(SBI), Punjab National Bank(PNB), etc. Also there are chances of mistyping of institution name(in favour of) in DD by bank officials since it is entered by them.

Previously all the DDs which I got issued were of low values. This time, the value of DD was high.

I was short on time. This time, I also had an online SBI account(Internet Banking enabled savings account from State Bank of India).

So I thought of applying online for Demand Draft using OnlineSBI. In online mode, there is no possibility of mistyping since you enter all the details.

In this post, I will be sharing how I applied for demand draft online SBI and got it from bank. Although if you have time, you can get the DD delivered to your home through courier by paying extra Rs. 51 in commission amount.

These are the steps to Issue Demand Draft from Online SBI:

1) Login to your Online SBI account.

2) Click on ‘Payments/Transfers’ tab after logging in as shown in the image.

3) Now click on ‘Issue Demand Draft’ as shown in the image.

4) Enter ‘Profile Password’ to go further.

5) Now enter the details of the Demand Draft as shown in the image.

First of all, change the default Demand Draft limit to your need. Make sure that you have enough amount in your bank account for the DD.

Then select the account from which you want to debit the amount for DD if you have more than one savings account or current account.

Then enter the amount of the demand draft. In my case, it was Rs. 55062.

Then enter the ‘In favour of’ field i.e., the institution, college, university, person or company name whom you want to pay the DD.

Then choose the purpose of the DD from the drop-down menu. For me, the purpose was ‘Payment of Education fee’.

Then enter the branch code for the branch at which the demand-draft is payable. If you don’t have the specific branch given from college or university, then don’t worry and select the service branch of that city or state.

For example, my college gave me only the area Payable at which was ‘New Delhi’ and not any specific branch. So I went to ‘Branch Locator’, searched for Service Branch, entered its branch code and then clicked on ‘Get Branch Name’.

In offline form, it is not mandatory to fill this branch code. It made me worry at first but branch code doesn’t matter since all the dealings are done online.

Now select the Delivery mode- ‘Collect in Person’ or ‘Courier’. In first method, you have to visit the branch from where you debited the amount for DD and collect the DD.

In second method, DD is sent to you through courier for an extra fee of Rs. 51.

After that, click submit.

6) Now you will be charged commission for the DD. For me, the charge was Rs. 5 per Rs. 1000 i.e., 0.5%. Then verify details and confirm the transaction.

7) Then you will receive ‘High Security Password’ on your registered mobile number. Enter it and click ‘Confirm’.

8) Now you will get the ‘Transaction Reference Number’ along with the DD details. You will get the option for printing counterfoil option if you chose the ‘Collect in Person’ option.

Print the counterfoil, take it with you to the branch during the bank working hours, show it to the bank official and collect the DD.

9) I did not use the ‘Courier’ option because I needed the DD next day. I went to the bank the same day after filling details online and got the DD in 10 minutes due to queue.

Otherwise I would have got it in less time. Since all the details are already filled in online mode, bank officials just need to take a print-out so they don’t take as much as time in offline mode.

10) I wanted to post the scanned copy of DD online but then thought against it since it’s been only a week since I issued the DD and I am not sure whether the college have cashed the DD or not. It’s not that important either to post the DD online.

Hi there…I would like to send the d.d through net banking directly to the university address is it possible.If not how long will it take for the courier to come to the home branch after the transaction is done..hope u can help me out

Hi i made a demand draft on my name in candian dollars payable at canada..but when i tried to deposit it with a bnk they say it will charge near 300,$ as transaction fees.but employeee of sbi did nt tell me about this.what can i do. I cant go back to india and cancelled it..plz if u know about this suggest

hi Tarun ,I am not able to go and print my counterfoil as you said by going to last five transactions , when I clik on D/D page , it is asking me to 'pls enter the amount' . Pls help!!, I need to send this D/D urgently. [email protected], supposing if i dont have counter foil, if I have transaction number will it suffice for bank to provide the d/d. pls reply urgently, if possible by today itselfthanks

Hi Tarun singh, I applied the DD transaction Via online processed from my home town branch(account) but I gave the person to collect from Bangalore branch code address , would be possible to take the DD receipt?

Hi, I want to make a donation through DD. The draft will be encashed in Mumbai itself. But i dont know if they have an account with SBI or someother bank. Usually when i made DD at the branch in the form i would just write Mumbai. So, now that am making it online, what do i write in the branch code option at which the DD is payable?

1.can i apply for DD for 85000rps online, or do i have to apply offline only.2. i don't have the account in vijaya bank but my father has. so is it that my father also need to come with me for getting dd in the favor of my college, or will they issue it to me if i only go with signed check to apply for 85000r/s dd.

Hi.tarun.today i made a dd.my college recommend to make dd in favour of xyz payable at the sbi branch of college,but my mistake i had given diff branch of same city but it is also sbi..will college accept my dd..or they will cancel my dd..

Hi, my college Nit kurukshetra ask for a DD of 13650 to be payable at kurukshetra only. While using online Sbi , when asked for branch code, I used branch locator and then I used SBI nit kurukshetra . Is my dd okay coj in my dd it is showing drawee bank as Sbi nit kurukshetra ? Will my college accept it coj they demand for dd to be payable at kurukshetra only?

My college(NIT kurukshetra) ask for 13000 dd to be payable at kurukshetra only. But while using Sbi online , when asked for branch name…i don't know. So I use branch locator and I use the code of Sbi branch of my college . Will the dd be valid or will college reject it?

hi tarun, if i made a dd today saturday 9th of july then i will collect it from my home branch on the next working day or the day after sunday, monday 11th of july then the date printed on dd would be 9th of july or 11th of july ?

Hi Aniket, you can collect your DD from your home branch where you have bank account.

Enter the branch code for the branch at which the demand-draft is payable. If you don't have the specific branch given from college or university, then don't worry and select the service branch of that city or state. For example, my college gave me only the area Payable at which was 'New Delhi' and not any specific branch. So I went to 'Branch Locator', searched for Service Branch, entered its branch code and then clicked on 'Get Branch Name'.

Hi Ram, as far as I know, there is no option to cancel online SBI application since the money gets deducted beforehand. Ask the bank employees in the bank and show them the passbook showing that you have already paid the money. Get the transaction cancelled. Otherwise get the draft issued and then get it cancelled.

Hi Bhanupriya, I don't think this is possible. If you choose collect in person option, how would you collect the draft if the bank is closed. If you choose the courier option, even then it would not be delivered on the same day.

is there any way to get dd number before collecting it from the branch? i was applying for a course and the last date is today, i.e sunday. i cannot get dd today. but online application form of the institute is insisting to give a dd no

i applied for sbi online dd on 31 march which is the ignou last date it got succeful got transaction number i have to collect it next day from bank i wanna ask the date of dd is it 31 or 1 april plzzz ans

HI CAN ANY ONE PLEASE HELP I MADE A DEMAND DRAFT OF SOME AMOUNT FROM DELHI SOME BRANCH IN MID MONTH OF DEC FOR PURCHASING A BIKE FROM CANTEEN STORE DEPOT AND WENT ON WITH MY WORK NOW I CALLED TODAY AND ASKED THE DEALER CAN I COME WITH THE DEMAND DRAFT, HE SAID THE RATES HAS ENHANCED ALREADY IN JAN AND SUGGESTED ME TO MAKE ONE MORE DD OF ENHANCED AMOUNT THEREFORE PREVIOUSLY IT WAS 1,26717/- AND NEW RATE 128746= 2029/- THE FIRST DD WAS OF AMOUNT 1,27717/- AND I SHOULD MAKE ONE MORE OF 2029/- TO MAKE IT 1,28746/- DD SO MY QUESTION IS THAT IS IT ACCEPTABLE IN ANY PLACE OF WORK TO MAKE 02 DD's FOR ONE ITEM AND FROM DIFFERENT BRANCHES ALSO ONE FROM DELHI ANOTHER FROM PUNJAB PLS SUGGEST THE RIGHT WAY

I want to know whether a DD issued through SBI INTERNET BANKING payable at SBI SERVICE BRANCH bhubaneswar, can be encashed in any STATE BANK BRANCH situated in bhubaneshwar???I followed your advice and issued online dd payable at SERVICE BRANCH,BHUBANESWAR, but now I found out that it is closed.So I want to know that can the DD be encashed in other branch of SBI BHUBANESWAR or I have to cancel it?

Do we need to take the DD in same branch where we have the account?Wats the possibility of getting the DD manually after waiting for sometime from different branch but not in home branch as branch is not in same city